Choice International allots 4,97,56,000 bonus equity shares; Stock surges 3%

27 Sep 2022 , 09:17 AM

Choice International Ltd informed that the Securities Allotment Committee has allotted 4,97,56,000 Bonus Equity Shares of Rs. 10/- each on Monday, September 26, 2022.

The shares are allotted in the ratio 1:1 i.e. 1 (One) new fully paid-up equity share of Rs. 10/- each for every 1 (One) fully paid-up equity share of Rs. 10/- each held to the Shareholders of the Company whose names appear on the Register of Members/list of beneficial owners as on September 23, 2022 (“Record Date”).

Accordingly, the paid-up share capital of the Company has increased from Rs49,75,60,000/- divided into 4,97,56,000 Equity Shares of Rs10/- each to Rs. 99,51,20,000/- divided into 9,95,12,000 Equity Shares of Rs. 10/- each.

The Bonus Equity Shares as allotted above shall rank pari-passu in all respects with the existing fully paid up Equity Shares of the Company, the company said in a regulatory filing.

At around 9:17 AM, Choice International Ltd is currently trading at Rs234.95 per share up by Rs7.2 or 3.16% from its previous closing of Rs227.75 per share on the BSE.

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